Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 19.9% | 23.9% | 19.9% |
| EBITDA margin % | — | 12.6% | 13.5% |
| EBIT margin % |
| — |
| 12.3% |
| 13.1% |
| PAT margin % | 6.6% | 8.6% | 10.2% |
| Working capital | |||
| Receivable days | 111 | 102 | 66 |
| Inventory days | 178 | 128 | 134 |
| Payable days | — | 27 | 19 |
| NWC days | — | 203 | 180 |
| Leverage | |||
| Current ratio | — | 9.45 | 11.85 |
| Debt to EBITDA | — | 0.05 | 0.59 |
| Debt to equity | 0.52 | 0.01 | 0.05 |
| Interest coverage | 0.5 | 7.9 | 67.3 |
| Asset turnover | 1.17 | 1.13 | 0.58 |
| Return ratios | |||
| Return on assets % | 7.7% | 9.7% | 5.9% |
| Return on capital employed % | — | 16.1% | 12.2% |
| Return on equity % | 12.3% | 10.7% | 6.4% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.